Attendance boost hikes profit at Cedar Point, Kings Island parent

Record attendance at its amusement parks last year pushed the parent company of Cedar Point and Kings Island to an annual profit of $72.2 million, or $1.29 a share, the Toledo Blade reports.

Cedar Fair LP (NYSE:FUN) reversed its trend from 2010, when it lost $31.6 million, or 57 cents a share, the newspaper reports. Revenue was up 5.2 percent to $1.03 billion last year compared with $977.6 million a year before, the newspaper reports.

The Sandusky-based company narrowed its fourth-quarter loss from $63.2 million in 2010 to $546,000 last year on improved attendance at its Halloween events, the newspaper reports. Total attendance improved by 2.6 percent last year, cresting the 23.4 million guest mark, the newspaper reports.